Titan Machinery Inc.

Listed Company

TITNCIK 0001409171NasdaqAcceleratedRetail-Retail Stores, NecDelawareFY ends Jan 31

Period

FY 2026

Revenue

$2.43B

Net Income

$-54.17M

Total Assets

$1.62B

Equity

$579.30M

Shares Out

23.35M

Op. Cash Flow

$137.45M

Business

Titan Machinery Inc. owns and operates a network of full-service agricultural and construction equipment stores. It sells new and used equipment (primarily CNH Industrial brands and complementary manufacturers), offers parts, equipment repair and maintenance services, rentals and ancillary products such as precision farming technologies and finance/insurance. The company operates through four reportable segments—Agriculture, Construction, Europe and Australia—each delivering sales, parts, service and rental functions. It distributes through its local stores and field sales force, supported by a website, digital marketing and centralized corporate resources across the U.S., Europe and Australia.

Summary from filing dated 2025-04-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenue	2,427	2,702	2,758	2,209	—
Total Revenue	2,427	2,702	2,758	2,209	1,712
TOTAL COST OF REVENUE	2,045	2,306	2,227	1,769	1,379
GROSS PROFIT	383	396	531	440	333
OPERATING EXPENSES	385	390	363	302	241
Goodwill, Impairment Loss	0	531,000	0	0	0
Other Asset Impairment Charges	2	1	0	0	1
Restructuring Costs	2	0	0	—	—
(Loss) Income from Operations	−7	4	169	138	90
Interest and other income (expense)	4	−4	3	4	2
Floorplan interest expense	24	35	14	2	1
Interest Expense, Other	19	15	7	5	5
Income (Loss) Attributable to Parent, before Tax	−45	−50	151	135	87
Income Tax Expense (Benefit)	9	−13	39	33	21
Net Income (Loss) Attributable to Titan Machinery Inc.	−54	−37	112	102	66
Net Loss Attributable to Titan Machinery Inc. Common Stockholders	−54	−37	111	101	65
Earnings Per Share, Basic	−2.38	−1.63	4.93	4.5	2.93
Earnings (Loss) per share - diluted (in dollars per share)	−2.38	−1.63	4.93	4.49	2.92
Weighted Average Number of Shares Outstanding, Basic	23	23	22	22	22
WEIGHTED AVERAGE COMMON SHARES-DILUTED (in shares)	23	23	22	22	22

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash	28	36	38	44	146
Receivables, net of allowance for expected credit losses	127	120	154	96	94
Inventories	903	1,109	1,303	704	422
Prepaid expenses and other	32	28	24	26	28
Total current assets	1,090	1,293	1,519	869	690
Property, Plant and Equipment, Net	361	380	299	218	178
Operating Lease, Right-of-Use Asset	47	28	55	50	56
Deferred income taxes	1	3	529,000	1	1
Goodwill	66	61	64	31	9
Intangible assets, net of accumulated amortization	51	48	53	18	11
Other	625,000	2	2	1	1
Assets, Noncurrent	527	521	473	319	256
Total Assets	1,617	1,814	1,992	1,189	947
Accounts payable	35	37	44	41	26
Floorplan payable	554	756	894	258	135
Current maturities of long-term debt	21	11	14	7	6
Current maturities of operating leases	4	6	11	10	10
Deferred revenue	82	92	116	120	134
Other Liabilities, Current	75	59	74	62	59
Total current liabilities	772	961	1,152	498	375
Long-term debt, less current maturities	159	158	106	90	75
Operating lease liabilities	46	26	51	49	56
Finance Lease, Liability, Noncurrent	42	45	1	—	—
Deferred income taxes	10	9	23	10	2
Other long-term liabilities	9	2	834,000	6	4
Total long-term liabilities	266	239	182	154	137
Commitments and Contingencies	—	—	—	—	—
Common stock, par value $0.00001 per share, 45,000,000 shares authorized; 23,363,865 shares issued and outstanding at January 31, 2026; 23,124,768 shares issued and outstanding at January 31, 2025	0	0	0	0	0
Additional paid-in-capital	267	262	259	257	254
Retained earnings	306	360	397	285	183
Accumulated other comprehensive income (loss)	6	−8	2	−5	−2
Stockholders' Equity Attributable to Parent	579	614	658	536	435
Total Liabilities and Stockholders' Equity	1,617	1,814	1,992	1,189	947
Common stock, issued shares	23	23	23	23	23
Common stock, outstanding shares	23	23	23	23	23
Common stock, authorized shares	45	45	45	45	45
Common stock, par value (in dollars per share)	0	0	0	0	0

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	38	39	31	25	22
Impairment of goodwill, intangible assets and long lived assets	2	2	0	0	1
Deferred income taxes	3	−16	3	8	4
Stock-based compensation expense	6	4	3	3	3
Noncash interest expense	985,000	1	292,000	245,000	218,000
Noncash lease expense	5	8	9	9	10
Interest and Debt Expense	0	10	—	—	—
Gain (Loss) on Extinguishment of Debt	0	−4	0	0	—
Other, net	−8	4	−3	−218,000	11
Receivables	−499,000	29	−48	5	−12
Increase (Decrease) in Prepaid Expense and Other Assets	6	1	615,000	5	—
Inventories	236	166	−476	−181	6
Manufacturer floorplan payable	−100	−83	368	70	14
Deferred revenue	−11	−26	−16	−21	74
Accounts payable, accrued expenses and other and other long-term liabilities	15	−29	−18	−14	−1
Net Cash Provided by (Used in) Operating Activities, Total	137	70	−32	11	159
Rental fleet purchases	—	—	−11	−10	−15
Payments To Acquire Property And Equipment (Excluding Rental Fleet)	22	52	52	27	23
Proceeds from sale of property and equipment	6	4	7	4	16
Acquisition consideration, net of cash acquired	−20	−260,000	−108	−100	−34
Proceeds from Divestiture of Businesses	13	—	—	—	—
Other, net	837,000	199,000	−597,000	−139,000	26,000
Net Cash Provided by (Used in) Investing Activities, Total	−23	−48	−163	−134	−55
Net change in non-manufacturer floorplan payable	−127	−38	183	22	−35
Proceeds from long-term debt borrowings	25	37	20	8	10
Repayment Of Long-term Debt And Finance Leases [Abstract]	21	19	13	8	9
Payments of Debt Issuance Costs	148,000	4	121,000	9,000	—
Other, net	−760,000	−853,000	−1	−1	−1
Net Cash Provided by (Used in) Financing Activities, Total	−124	−24	189	22	−35
Effect of Exchange Rate Changes on Cash	1	−1	1	−946,000	−1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	−8	−2	−6	−102	67
Income taxes, net of refunds	−2	7	40	27	23
Interest	43	48	19	7	5
Increase (Decrease) in Other Accounts Payable and Accrued Liabilities	−2	36	18	—	—
Finance lease debt to acquire finance asset	5	66	2	7	11
Net transfer of assets from (to) property and equipment to (from) inventories	−3	−7	−497,000	−4	4

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro